Software - Wolters Kluwer Introduce Financial Crime Governance Solution


Wolters Kluwer Introduces Financial Crime Governance Solution for U.K.

 Wolters Kluwer Financial Services announced today it has enhanced the company’s ARC Logics for Financial Services enterprise risk management (ERM) solution suite to help U.K. risk management professionals more effectively mitigate the risks tied to financial crimes such as fraud and money laundering.

 Wolters Kluwer Financial Services has integrated its financial crime content within the company’s proven ARC Logics’ ERM technology. The end result is a governance solution that provides financial organisations with a comprehensive framework to view and manage financial crime risks in a manner consistent with Financial Services Authority (FSA) regulations and industry best practices. The solution facilitates the rollout of a financial crime governance programme across all of an organisation’s business lines and legal entities.

 In its 2011 Financial Crime Control Handbook, the FSA emphasized the requirement for organisations to have a transparent, holistic financial crime governance framework in place. More specifically, the FSA said the framework needs to provide senior management with a clear view of all financial crimes risks so they can be actively engaged in helping to address them.

 The framework ARC Logics provides organisations with allows them to link regulations, policies, procedures, risks and controls with tests and audits to generate a structured, overarching view of the state of their financial crime governance programme at any given point in time. And Wolters Kluwer Financial Services’ expert consultants can help embed the framework into an organisation’s specific operating environment. These experts include former compliance officers, regulators, lawyers and data management experts with decades of regulatory, technical and product knowledge.

 “The sheer complexity of the FSA’s financial crime control regulation and its impact on organisations’ processes and systems make compliance with this requirement a real challenge,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Enterprise Risk Compliance business. “ARC Logics provides organisations with a powerful framework that allows them to more effectively identify, monitor and control financial crime risks across the organisation while maintaining compliance. But the solution is also flexible enough to allow them to nimbly react to an ever-changing regulatory and business environment and be usable throughout their operations.”

 ARC Logics helps financial organisations bring transparency, traceability and efficiency to managing compliance, operational and financial risks, as well as to the audit function. The solution’s modular approach enables insurance companies, securities firms and banks to fulfill their immediate risk management objectives in a targeted, cost-effective manner while allowing for expanded future usage of the same platform. To learn more, please visit www.wolterskluwerfs.co.uk/arclogics/aspx.
  

Back to Index


Similar News to this Story

D Day 10 Facts
On D-Day, 6 June 1944, Allied forces launched a combined naval, air and land assault on Nazi-occupied France. The 'D' in D-Day stands simply
Mike Johnson joins Hymans Robertson after two decades at Aon
Hymans Robertson has appointed Mike Johnson to join its Birmingham office as a Partner in DB Investment. He will focus on growing the office’s Defined
Up to 55x faster modelled results with Remetrica V8
As analysts, you require faster runtimes and more efficient ways to build and expand risk and capital models. As management turns to modelled insights

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.